MySale's shares fall as H1 pre-tax loss widens
MySale's shares are down almost 5% after it more than doubled its first-half pre-tax loss, but issued an upbeat accompanying statement and also reported a significant rise in underlying EBITDA.
FTSE AIM All-Share
754.79
12:10 25/04/24
General Retailers
3,910.25
12:10 25/04/24
Mysale Group
2.25p
13:49 29/11/22
The six-month period produced a pre-tax loss of A$1.4m, from a loss of $0.5m a year ago.
Its underlying EBITDA rose significantly to A$3.0m, from A$1.8m. Revenue had improved to A$136.7m, from A$128.2m.
Chief executive Carl Jackson was pleased with the strong start MySale had made to the year.
"Financially we have performed well and strategically have made good progress towards our goals," he said, citing rising active customers, online revenue and gross profit.
"We carry good momentum into the, historically stronger, second half of the year and have a number of exciting initiatives which will support our future growth."
At 10:52 GMT, shares in AIM-quoted MySale are down 4.27% to 115p each.